WONG FONG INDUSTRIES has launched its IPO on Singapore’s Catalist Board. Let us look at details of this IPO. Business: Land transport engineering solutions and systems, with businesses in Singapore, Malaysia and China. Customers cited are government agencies, SMEs, MNCs in industries like waste management and defence, logistics and infrastructure development. IPO price: $0.23 (price at PER of 7.9 times) Placement of shares: 12pm on 26 July 2016 and trading of shares expected to commence on 28 July 2016 Drivers: Government's new Automation Support Package: under this package SMEs are encouraged to make additional investments in equipment to improve productivity. There is a slew of load handling systems, engineering equipment under Wong Fong (you can visit the link here). I think the timing of the IPO is right as it comes after the government focusing more on engineering and innovation among the Singapore companies. I do not ......